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Ghana Risk Review: June 2020

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Ghana Risk Review: June 2020 1 June 20 Ghana Risk Review: June 2020 Prepared for Omega Risk Solutions by Keith Campbell Consulting Ltd www.kccltd.co.uk Table of Contents LIST OF TABLES ................................................................................................................ 3 COUNTRY PROFILE ................................................................................. 1_Toc44285126 EXECUTIVE SUMMARY ..................................................................................................... 5 POLITICAL ............................................................................................................................... 19 MAY - JUNE 2020 HEADLINES ................................................................................................... 19 POLITICAL STABILITY ................................................................................................................. 20 GOVERNMENT EFFECTIVENESS ................................................................................................... 21 INSTITUTIONAL BALANCE/FUNCTIONING ..................................................................................... 23 CONTRACT FRUSTRATION .......................................................................................................... 24 INTERNATIONAL RELATIONS ....................................................................................................... 25 OPERATIONAL ................................................................................................................ 27 MAY - JUNE 2020 HEADLINES ................................................................................................... 27 General............................................................................................................................ 28 Power .............................................................................................................................. 29 Aviation ........................................................................................................................... 30 Roads/Transport ............................................................................................................. 30 Rail .................................................................................................................................. 32 Water .............................................................................................................................. 34 Ports ................................................................................................................................ 35 Telecommunication/ICT .................................................................................................. 35 SMALL SCALE/ILLEGAL MINING .................................................................................................. 36 HEALTH .................................................................................................................................. 37 NATURAL HAZARDS .................................................................................................................. 38 CORRUPTION/FRAUD/EMBEZZLEMENT/MISMANAGEMENT ............................................................ 39 BUREAUCRACY ........................................................................................................................ 42 LABOUR MILITANCY ................................................................................................................. 43 ENVIRONMENTAL ACTIVISM/LEGISLATION ................................................................................... 44 SECURITY ....................................................................................................................... 46 MAY - JUNE 2020 HEADLINES ................................................................................................... 46 MARITIME .............................................................................................................................. 47 PUBLIC ORDER ........................................................................................................................ 48 CRIME ................................................................................................................................... 52 ECONOMY ..................................................................................................................... 56 MAY - JUNE 2020 HEADLINES ................................................................................................... 56 GENERAL CONDITION ............................................................................................................... 57 MONETARY ASPECTS ................................................................................................................ 58 FISCAL ASPECTS ....................................................................................................................... 59 TRADE AND INVESTMENT .......................................................................................................... 60 SECTOR .................................................................................................................................. 62 Banking/Finance ............................................................................................................. 62 Agriculture and Fishing ................................................................................................... 65 Mining ............................................................................................................................. 68 Oil & Gas ......................................................................................................................... 69 APPROACH ............................................................................................................................. 71 RISK FACTORS AND SUB-RISK FACTORS ......................................................................................... 73 USEFUL LINKS ................................................................................................................ 74 List of Figures Figure 1: Ghana ____________________________________________________________________________________________ 1 Figure 2: Seats by Party, 2016 _____________________________________________________________________________ 2 Figure 3: Provisional Election Results, 2016 (%) ___________________________________________________________ 2 Figure 4: Ghana Administrative Regions __________________________________________________________________ 3 Figure 5: Infrastructure ____________________________________________________________________________________ 4 Figure 6: 3 x 3 Risk Matrix _______________________________________________________________________________ 71 Figure 7: Risk Level Explanation _________________________________________________________________________ 72 Figure 8: Consolidated Political Risk _____________________________________________________________________ 73 Figure 9: Consolidated Operational Risk ________________________________________________________________ 73 Figure 10: Consolidated Security Risk ___________________________________________________________________ 73 Figure 11: Consolidated Economic Risk __________________________________________________________________ 73 List of Tables Table 1: Key Dates - Politics __________________________________________________ 20 Table 2: Key Dates - Operational ______________________________________________ 27 Table 3: Key Dates - Security _________________________________________________ 39 Table 4: Key Events - Economics _______________________________________________ 47 [GHANA RISK REVIEW: JUNE 2020] 1 Country Profile Area: 238 533 sq km Population: 25.2 million (July 2013 est) Capital City: Accra Other Major Cities: Kumasi (1.773 million) People: Akan 47.5%, Mole-Dagbon 16.6%, Ewe 13.9%, Ga-Dangme 7.4%, Gurma 5.7%, Guan 3.7%, Grusi 2.5%, Mande-Busanga 1.1%, other 1.6% (2010 census) Language(s): English (official) Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%, other (includes English (official)) 36.1% (2000 census) Religion(s): Christian 71.2% (Pentecostal/Charismatic 28.3%, Protestant 18.4%, Catholic 13.1%, other 11.4%), Muslim 17.6%, traditional 5.2%, Figure 1: Ghana other 0.8%, none 5.2% (2010 census) Currency: Cedi (GHC) Major political parties: Convention People's Party or CPP [Dr Edmund DELLE]; Democratic Freedom Party or DFP [Obed Yao ASAMOAH]; Democratic People’s Party or DPP [T.N. WARD BREW]; Every Ghanaian Living Everywhere or EGLE [Henry GIDI]; Great Consolidated Popular Party or GCPP [Dr Henry LARTEY]; National Democratic Congress or NDC [Samuel OFOSU-AMPOFO]; National Democratic Party or NDP [Nii Armah JOSIAH-AYEH]; New Patriotic Party or NPP [Freddie BLAY]; People's National Convention or PNC [Bernard Anbataayela MORNAH] Government: Republic Independence: 6 March 1957 (from UK) Administrative Divisions: Ten regions: Ashanti, Brong-Ahafo, Central, Eastern, Greater Accra, Northern, Upper East, Upper West, Volta, and Western Chief of State: President Nana AKUFO-ADDO won election 7 December 2016. The president is both the chief of state and head of government. Vice President: Dr Mahamudu BAWUMIA Key Ministers: Minister for the Interior - Ambrose Dery Minister for National Security - Albert Kan-Dapaah Minister for Energy and Petroleum – John-Peter Amewu Minister for
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